HIGHLIGHTS
|
Discussion Policy
Comments that include profanity or personal attacks or other inappropriate comments or material will be removed from the site. Additionally, entries that are unsigned or contain "signatures" by someone other than the actual author will be removed. Finally, we will take steps to block users who violate any of our posting standards, terms of use or privacy policies or any other policies governing this site. Please review the full rules governing commentaries and discussions. You are fully responsible for the content that you post.
|
The House yesterday approved a housing package that would:
· Authorize the Treasury Department to inject emergency cash into Fannie Mae and Freddie Mac.
· Create a strong new regulator to oversee the two mortgage firms and set pay for their executives.
· Help as many as 400,000 homeowners refinance high-cost mortgages and avoid foreclosure.
· Provide $3.9 billion for hard-hit communities to purchase vacant and foreclosed property.
· Offer a tax break worth up to $7,500 for first-time home buyers who purchase by July 2009.


